Quorum Club, a lifestyle hospitality brand, has made headlines by securing an undisclosed amount in a pre-series A funding round. The funding round was led by Gruhas, along with participation from other investors, including Gurmeet Nihal Singh, Shon Randhawa, Alok Oberoi, Sabre Advisors, Sattva Group, and Karanpal Singh.

As per the startup, the freshly raised funds will be used towards expansion. The raised capital will enable the startup to make forays into different territories across India.

Quorum Club | Contemporary Private Members Club

Founded by Vivek Narain and his wife Sonya Jehan in 2018, Quorum Club is a lifestyle hospitality firm that runs three brands: Quorum, a subscription-based members-only club; Business Quarter, a coworking space and District 150, a meetings and events space. The firm currently has three clubs in Gurgaon, Hyderabad, and Mumbai. Over the next five years, the lifestyle hospitality brand aims to expand its footprint by opening 6-7 such outposts in cities like Bengaluru, Delhi, and Goa.

As per the firm, it has a current membership base of around 2,800 individuals, which includes high-profile entrepreneurs and c-suite executives. The firm envisions a diverse membership covering social media influencers and individuals in creative fields.

Speaking about the firm, Vivek Narain, Co-founder of Quorum Club, said,

“Our target membership is a cross-section of society. We want interesting people doing interesting things like young entrepreneurs, professionals in the creative field, chairman of companies…it’s not just a CEO’s club or a C-suite club.”

With the capital infusion, Gruhas has acquired a 5% stake in Quorum Club. Gruhas is an India-focused Venture Capital fund co-founded by Zerodha co-founder Nikhil Kamath, along with Abhijeet Pai, who is the President of construction equipment manufacturer Puzzolana group.

The firm focuses on early, venture, and debt investment across PropTech, CleanTech, Media & Entertainment, and Consumer space. It also participates in special situation assets that can be disrupted through tech-powered solutions.

Last year, Gruhas collaborated with Collective Artists Network to invest in a fund assisting and empowering young business people and startups in the consumer industry. As part of the collaboration, both firms intend to invest up to $1 million per agreement in at least 10 businesses.

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